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| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 |
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| Louisiana                                                      |   | 72-1341014                        |
|----------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |
|                                                           |   |                              |
| 3798 Veterans Blvd., Metairie, Louisiana                       |   | 70002                             |
| (Address of Principal Executive Offices)                       |   | (Zip Code)                        |

| Common Stock, par value $.01 per share |   | The NASDAQ Stock Market, LLC              |
|----------------------------------------|--------|-------------------------------------------|
| Title of Class                         |   | Name of each exchange on which registered |

| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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| Yes  [  ]    No  [X]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Yes  [  ]    No  [X]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days                                                                                                                                          Yes  [X]    No  [  ]                                            |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).                                                                                                      Yes   [  ]   No  [  ]                                                                                                                                                                                                                                                                |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                                                                                                                                                          [  ]  |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Large accelerated filer                  [  ]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Accelerated filer                                          [  ] |
| Non-accelerated filer                    [  ]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Smaller reporting company                       [X] |
| (Do not check if a smaller reporting company)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes  [  ]   No  [X]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| The aggregate market value of the voting stock held by nonaffiliates of the registrant as of June 30, 2010 (the last business day of GS Financial’s most recently completed second fiscal quarter) was approximately $10.9 million.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| As of March 30, 2011, GS Financial Corp. had 1,257,938 shares of common stock outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Documents Incorporated by Reference                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Part of 10-K in which incorporated |
| Proxy Statement Annual Report to Shareholders for the year ended December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Part IIIPart II, Part IV |

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| TABLE OF CONTENTS                   |
|-------------------------------------|
| Page                           |
|  PART I                        |
|                                | Item 1: | Business | 1 |
|                                | Item 1A: | Risk Factors | 10 |
|                                | Item 1B: | Unresolved Staff Comments | 10 |
|                                | Item 2: | Properties | 11 |
|                                | Item 3: | Legal Proceedings | 11 |
|                                | Item 4: | (Removed and Reserved)  |  11 |
|  PART II                       |
|                                | Item 5: | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 11 |
|                                | Item 6: | Selected Financial Data | 11 |
|                                | Item 7: | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12 |
|                                | Item 7A: | Quantitative and Qualitative Disclosures about Market Risk | 12 |
|                                | Item 8: | Financial Statements and Supplementary Data | 12 |
|                                | Item 9: | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 12 |
|                                | Item 9A: | Controls and Procedures | 12 |
|                                | Item 9B: | Other Information   | 12 |
|  PART III                      |
|                                | Item 10: | Directors, Executive Officers and Corporate Governance | 13 |
|                                | Item 11: | Executive Compensation | 13 |
|                                | Item 12: | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 13 |
|                                | Item 13: | Certain Relationships and Related Transactions, and Director Independence | 14 |
|                                | Item 14: | Principal Accounting Fees and Services  | 14 |
|  PART IV                       |
|                                | Item 15: | Exhibits, Financial Statement Schedules | 14 |
|  EXHIBIT INDEXSIGNATURES  |

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| ·   | Operating, legal and regulatory risks; |
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| ·   | Economic, political and competitive forces impacting our various lines of business; |
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| ·   | The risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The possibility that increased demand for GS Financial’s financial services and products may not occur; |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| ·   | Volatility in interest rates; and/or |
|--------------------|--------------------------------------|

| ·   | Other risks and uncertainties. |
|--------------------|--------------------------------|

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| ·   | The Office of Thrift Supervision will be merged into the Office of the Comptroller of the Currency and the authority of the other two bank regulatory agencies restructured.  The federal thrift charter will be preserved with the Federal Reserve given authority over savings and loan holding companies. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A new independent consumer financial protection bureau will be established within the Federal Reserve, empowered to exercise broad regulatory, supervisory and enforcement authority with respect to both new and existing consumer financial protection laws. Smaller financial institutions, like the Bank, will be subject to the supervision and enforcement of their primary federal banking regulator with respect to the federal consumer financial protection laws. |
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| ·   | The Federal Deposit Insurance Act was amended to direct federal regulators to require depository institution holding companies to serve as a source of strength for their depository institution subsidiaries. |
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| ·   | Tier 1 capital treatment for “hybrid” capital items like trust preferred securities is eliminated subject to various grandfathering and transition rules. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The current prohibition on payment of interest on demand deposits was repealed, effective July 21, 2011. |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | State law is preempted only if it would have a discriminatory effect on a federal savings association or is preempted by any other federal law. The Office of the Comptroller of the Currency must make a preemption determination on a case-by-case basis with respect to a particular state law or other state law with substantively equivalent terms. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Deposit insurance is permanently increased to $250,000 and unlimited deposit insurance for noninterest-bearing transaction accounts extended through the end of 2012. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Deposit insurance assessment base calculation will equal the depository institution’s total assets minus the sum of its average tangible equity during the assessment period. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The minimum reserve ratio of the Deposit Insurance Fund increased to 1.35 percent of estimated annual insured deposits or assessment base; however, the Federal Deposit Insurance Corporation is directed to “offset the effect” of the increased reserve ratio for insured depository institutions with total consolidated assets of less than $10 billion. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Leverage capital requirements and risk based capital requirements applicable to depository institutions will be extended to thrift holding companies. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | The Securities and Exchange Commission is authorized to adopt rules requiring public companies to make their proxy materials available to shareholders for nomination of their own candidates for election to the board of directors. |
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| ·   | Public companies will be required to provide their shareholders with a non-binding vote: (i) at least once every three years on the compensation paid to executive officers, and (ii) at least once every six years on whether they should have a “say on pay” vote every one, two or three years. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A separate, non-binding shareholder vote will be required regarding golden parachutes for named executive officers when a shareholder vote takes place on mergers, acquisitions, dispositions or other transactions that would trigger the parachute payments. |
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| ·   | Securities exchanges will be required to prohibit brokers from using their own discretion to vote shares not beneficially owned by them for certain “significant” matters, which include votes on the election of directors, executive compensation matters, and any other matter determined to be significant. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Stock exchanges will be prohibited from listing the securities of any issuer that does not have a policy providing for (i) disclosure of its policy on incentive compensation payable on the basis of financial information reportable under the securities laws, and (ii) the recovery from current or former executive officers, following an accounting restatement triggered by material noncompliance with securities law reporting requirements, of any incentive compensation paid erroneously during the three-year period preceding the date on which the restatement was required that exceeds the amount that would have been paid on the basis of the restated financial information. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Disclosure in annual proxy materials will be required concerning the relationship between the executive compensation paid and the financial performance of the issuer. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Item 402 of Regulation S-K will be amended to require companies to disclose the ratio of the Chief Executive Officer's annual total compensation to the median annual total compensation of all other employees. |
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| ·   | Smaller reporting companies are exempt from complying with the internal control auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act. |
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| $   | tangible capital requirement – “tangible” capital equal to at least 1.5% of adjusted total assets; |
|---------------|----------------------------------------------------------------------------------------------------------------------|

| $   | leverage capital requirement – “core” capital equal to at least 4.0% of adjusted total assets; and |
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| $   | risk-based capital requirement – “total” capital (a combination of core and “supplementary” capital) equal to at least 8.0% of “risk-weighted” assets. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | the creation of an independent accounting oversight board; |
|--------------------|------------------------------------------------------------|

| ·   | auditor independence provisions that restrict non-audit services that accountants may provide to their audit clients; |
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| ·   | additional corporate governance and responsibility measures, including the requirement that the chief executive officer and chief financial officer certify financial statements; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a requirement that companies establish and maintain a system of internal control over financial reporting and that a company’s management provide an annual report regarding its assessment of the effectiveness of such internal control over financial reporting to the company’s independent accountants and that such accountants provide an attestation report with respect to management’s assessment of the effectiveness of the company’s internal control over financial reporting; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the forfeiture of bonuses or other incentive-based compensation and profits from the sale of an issuer’s securities by directors and senior officers in the twelve month period following initial publication of any financial statements that later require restatement; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | an increase in the oversight of, and enhancement of certain requirements relating to audit committees of public companies and how they interact with the company’s independent auditors; |
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| ·   | the requirement that audit committee members must be independent and are absolutely barred from accepting consulting, advisory or other compensatory fees from the issuer; |
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| ·   | the requirement that companies disclose whether at least one member of the audit committee is a “financial expert” (as such term is defined by the SEC) and if not, why not; |
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| ·   | expanded disclosure requirements for corporate insiders, including accelerated reporting of stock transactions by insiders and a prohibition on insider trading during pension blackout periods; |
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| ·   | a prohibition on personal loans to directors and officers, except certain loans made by insured financial institutions; |
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| ·   | disclosure of a code of ethics and the requirement of filing of a Form 8-K for a change or waiver of such code; |
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| ·   | mandatory disclosure by analysts of potential conflicts of interest; and |
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| ·   | a range of enhanced penalties for fraud and other violations. |
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| ·   | Making any new investments or engaging in any new activity not allowed for both a national bank and a savings association;  |
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| ·   | Establishing any new branch office unless allowable for a national bank; and |
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| ·   | Paying dividends unless allowable for a national bank. |
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| Item 5: | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
|---------|--------------------------------------------------------------------------------------------------------------------|

|   | (a) | The Company’s common stock is traded on The NASDAQ Global Market under the symbol “GSLA”.  Shareholders of record for, quarterly high and low stock prices of, and cash dividends declared on GS Financial common stock are set forth in the Common Stock and Market Prices and Dividends sections of the Annual Report to Shareholders for the year ended December 31, 2010, included in Exhibit 13.0 hereto and which is incorporated herein by reference.  Equity Compensation Plan information is incorporated herein by reference to Item 12 hereof. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The Company’s repurchases of its common stock made during the quarter ended December 31, 2010 are set forth in the table below:  |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

| Period                                     |   | Total Number of SharesPurchased |   |   | Average Price Paid per Share                                                                                                     |   |   | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs |   |   | MaximumNumber of Shares that May Yet Be Purchased Under the Plans or Programs (1) |   |
|--------------------------------------------|--------|---------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------|--------|
| October 1, 2010 – October 31, 2010   |   |                            | -      |   |                                                                                                                             | $      | -      |                                                                             |   |   | -                                                                                 |   |   |   | 36,388 |   |
| November 1, 2010 – November 30, 2010 |   |                            | -      |   |                                                                                                                             |   | -      |                                                                             |   |   | -                                                                                 |   |   |   | - |   |
| December 1, 2010 – December 31, 2010 |   | -                               |   |   | -                                                                                                                                |   |   | -                                                                                |   |   | -                                                                                 |   |
| Total                                      |   | -                               |   |   | $                     - |   |   | -                                                                                |   |   | 36,388                                                                            |   |

| (1) |   | On October 22, 2008 the Company announced by press release a stock repurchase program to repurchase 64,250 shares, or 5.0% of its outstanding common stock over a one year period, or such longer amount of time as may be necessary to complete the repurchase plan. The program became effective November 6, 2008. |
|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 7: | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

| Item 9: | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
|---------|--------------------------------------------------------------------------------------|

| Item 9A: | CONTROLS AND PROCEDURES |
|----------|-------------------------|

|   | (a) | Our management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this report.  Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and regulations and are operating in an effective manner. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Management's Report on Internal Control Over Financial Reporting is incorporated herein by reference from Exhibit 13.0 hereto. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | This Annual Report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this Annual Report. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | No change in the Company's internal control over financial reporting (as defined in rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, its internal control over financial reporting. |
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| Item 9B: | OTHER INFORMATION |
|----------|-------------------|

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| Item 12: | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------|------------------------------------------------------------------------------------------------|

| Plan Category                                             | Number of Shares to be issued upon the Exercise of Outstanding Options, Warrants and Rights | Weighted Average Exercise Price of Outstanding Options                           | Number of Shares Remaining Available for Future Issuance (Excluding Shares Reflected in the First Column)                                                                             |
|-----------------------------------------------------------|---------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Equity compensation plansapproved by security holders     | 5,509                                                                                       |  $            - |                         -                                     |
| Equity compensation plans notapproved by security holders | -                                                                                           |             -        |                               - |
| Total                                                     | 5,509                                                                                       |  $            - |                         -                                     |

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| (a)(1) | The following consolidated financial statements of the Company and its subsidiary are incorporated by reference from Item 8 in Part II of this Form 10-K (see Exhibit 13.0). |
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|   | Report of Independent Registered Public Accounting Firm |
|--------|---------------------------------------------------------|

|   | Consolidated Balance Sheets – December 31, 2010 and 2009 |
|--------|----------------------------------------------------------------|

|   | Consolidated Statements of Income – Years Ended December 31, 2010 and 2009 |
|--------|----------------------------------------------------------------------------------|

|   | Consolidated Statements of Comprehensive Income – Years Ended December 31, 2010 and 2009 |
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|   | Consolidated Statements of Changes in Stockholders’ Equity – Years Ended December 31, 2010 and 2009 |
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|   | Consolidated Statements of Cash Flows – Years Ended December 31, 2010 and 2009 |
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|   | Notes to Consolidated Financial Statements |
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| (a)(2) | All schedules for which provision is made in the applicable accounting regulation of the SEC are omitted because of the absence of conditions under which they are required or because the required information is included in the consolidated financial statements and related notes thereto. |
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| (a)(3) | Exhibits |
|--------|----------|

| No. |   | Description |   | Location |
|-----|--------|-------------|--------|----------|

| 3.1         | Articles of Incorporation of GS Financial Corp.                                                                                                    |  (1)               |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|
| 3.2         | Bylaws of GS Financial Corp.                                                                                                                       |  (2)               |
| 4.1         | Stock Certificate of GS Financial Corp.                                                                                                            |  (1)               |
|   10.1 | GS Financial Corp. Amended and Restated Recognition and Retention Plan and Trust Agreement*                                                        |  (3)               |
|   10.2 | Letter Agreement, dated as of November 28, 2005, by and between Guaranty Savings and Homestead Association and Stephen E. Wessel*                  |   (4)         |
|   10.3 | Letter Agreement, signature dated and accepted as of December 31, 2010, by and between Guaranty Savings Bank and Stephen E. Wessel*                |   (5)         |
|   10.4 | Shareholder Agreement made by and among Philip J. Timyan and Riggs Qualified Partners, LLC, GS Financial Corp. and Guaranty Savings Bank           |  (6)               |
|   10.5 | Shareholder Agreement made by and among Martin S. Friedman and FJ Capital Long/Short Equity Fund LLC, GS Financial Corp. and Guaranty Savings Bank |  (6)               |
|  13.0  | 2010 Annual Report to Shareholders                                                                                                                 |  Included herewith |
|  21.0  | Subsidiaries of the Registrant  - Information reported in Item 1                                                                         |  Included herewith |
|  23.0  | Consent of LaPorte, Sehrt, Romig & Hand                                                                                                        |  Included herewith |
|  31.1  | Rule 13a-14(a) Certification of Chief Executive Officer                                                                                            |  Included herewith |
|  31.2  | Rule 13a-14(a) Certification of Chief Financial Officer                                                                                            |  Included herewith |
|  32.0  | Certification pursuant to 18 U.S.C. Section 1350                                                                                                   |  Included herewith |

| ___________________ |   |
|---------------------|--------|

|   | * | Denotes management compensation plan or arrangement. |
|--------|---|------------------------------------------------------|

| (Footnotes continued on following page) |   |
|-----------------------------------------|--------|

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| ______________________ |   |
|------------------------|--------|

|   | (1) | Incorporated herein by reference from the Registration Statement on Form SB-2 (Registration number 333-18841) filed by the Registrant with the SEC on December 26, 1996, as subsequently amended. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Incorporated herein by reference from the annual report on Form 10-K for the year ended December 31, 2007, filed by the Registrant with the SEC on March 31, 2008 (Commission File No. 000-22269). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Incorporated herein by reference from the current report on Form 8-K, filed by the registrant with the SEC on November 24, 2008 (Commission File No. 000-22269). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | Incorporated herein by reference from the current report on Form 8-K, dated December 8, 2005 filed by the registrant with the SEC (Commission File No. 000-22269). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Incorporated herein by reference from the current report on Form 8-K, dated December 31, 2010 filed by the registrant with the SEC (Commission File No. 000-22269). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | Incorporated herein by reference from the current report on Form 8-K, filed by the registrant with the SEC on September 24, 2009 (Commission File No. 000-22269). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The exhibits listed under (a)(3) of this Item 15 are filed herewith. |
|-----|----------------------------------------------------------------------|

| (c) | Reference is made to (a)(2) of this Item 15. |
|-----|----------------------------------------------|

|   |   |
|--------|--------|

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| SIGNATURES |
|------------|

|                                                   | GS FINANCIAL CORP.    |
|--------------------------------------------------------|-----------------------|
|    Dated: March 30, 2011                |    By: |     /s/Stephen E. Wessel |
| Stephen E. WesselPresident and Chief Executive Officer |

|   Name                   |   |   Title                                                         |   |   Date           |
|------------------------------------|--------|---------------------------------------------------------------------------|--------|----------------------------|
|   /s/Albert J. Zahn, Jr. |   |   Chairman of the Board and Director                            |   |   March 30, 2011 |
| Albert J. Zahn, Jr.                |   |                                                                      |   |
|  /s/Stephen E. Wessel         |   |  President and Chief Executive Officer(principal executive officer)  |   |  March 30, 2011       |
| Stephen E. Wessel                  |   |                                                                      |   |
|  /s/Bruce A. Scott            |   |  Executive Vice President and Director                          |   |  March 30, 2011       |
| Bruce A. Scott                     |   |
|  /s/Stephen F. Theriot        |   |  Chief Financial Officer(principal financial and accounting officer) |   |  March 30, 2011       |
| Stephen F. Theriot                 |   |
|                          |   |  Director                                                            |   |  March 30, 2011       |
| Edward J. Bourgeois                |   |
|  /s/Paul D. Cordes, Jr.       |   |  Director                                                       |   |  March 30, 2011       |
| Paul D. Cordes, Jr.                |   |
|  /s/Stephen L. Cory           |   |  Director                                                            |   |  March 30, 2011       |
| Stephen L. Cory                    |   |
|  /s/Bradford A. Glazer        |   |  Director                                                            |   |  March 30, 2011       |
| Bradford A. Glazer                 |   |
|                          |   |  Director                                                            |   |  March 30, 2011       |
| Hayden W. Wren, III                |   |